Authors: John K.M. Kuwornu; Marife L. Moreno; Edward Martey
Addresses: Department of Agricultural Economics, Agribusiness and Extension, University of Energy and Natural Resources, Sunyani, Ghana ' Department of Food, Agriculture and Bioresources, Asian Institute of Technology, Thailand ' CSIR-Savanna Agricultural Research Institute (CSIR-SARI), Tamale, Ghana
Abstract: This study examined the factors influencing the exports of raw coconut from the Philippines to Japan, Hong Kong and China using the gravity model and time series data spanning 1961-2017. In the short-run, the results showed that a one-year lag of the export quantity of raw coconut influenced the current export quantity. The one-year lag of the export value of raw coconut influenced the current export value. In the long-run, the factors that positively influenced the export quantity and value of raw coconut are the coconut production quantity, the gross domestic product of Hong Kong, the population of China and Japan, and the exchange rates of the Chinese Yuan and Japanese yen. The factors that negatively influenced the export quantity and value of raw coconut are the gross domestic product of Japan, the population of the Philippines and Hong Kong, and the exchange rate of the Hong Kong dollar.
Keywords: exchange rate; export markets; gravity model; raw coconut; vector error correction model; VECM.
International Journal of Value Chain Management, 2020 Vol.11 No.4, pp.366 - 388
Received: 14 Dec 2019
Accepted: 23 Mar 2020
Published online: 20 Oct 2020 *